Legislative

Senate Finance Committee member Charles E. Schumer, D-NY has introduced S. 1772, the Public Good IRA Rollover Act of 2013, which if passed would expand and extend without expiration the definition of tax-free IRA distributions made for charitable purposes for...

Representative Mike Kelly (R-PA), a member of the House Ways and Means Committee, issued the following statement today after introducing H.R. 3134, the Charitable Giving Extension Act, which would allow taxpayers to deduct their charitable contributions of the...

Rep. John Lewis, D-GA, has introduced H.R. 2482; Artist-Museum Partnership Act of 2013 that if enacted would provide that a deduction equal to fair market value for charitable contributions of literary, musical, artistic, or scholarly compositions created...

Writing for The Chronicle on Philanthropy, Doug Donovan reports that members of a coalition of religious charities visited Capitol Hill last week to persuade senators to back the charitable deduction as they draft recommendations for a massive federal tax...

Senate Finance Committee ranking minority member Orrin G. Hatch, R-Utah has issued a release in support of the Death Tax Repeal Act of 2013. The Utah Senator Says, “This bill puts a nail in the coffin of the death tax by repealing it for good."

In May 17, 2013 testimony before the House Ways and Means Committee, Treasury Inspector General for Tax Administration, J. Russell George stated the IRS used inappropriate criteria that identified for review Tea Party and other organizations applying for tax-exempt...

Rep. F. James Sensenbrenner Jr., R-WI, has introduced H.R. 1479, that would amend the Internal Revenue Code of 1986 to remove the deduction for charitable contributions from the overall limitation on itemized deductions.

Writing on behalf of the American Council on Gift Annuities, Conrad Teitell has submitted comments to members of the House Ways and Means Committee Charitable/Exempt Organizations Tax Reform Working Group. ACGA requests that the House’s tax reform bill: 1...

Rep. Richard L. Hanna, [R-NY], has introduced H.R. 1353, the STEM Education Opportunity Act, that would amend the Internal Revenue Code to allow a deduction for higher education expenses, including tuition and room and board, in a program of study in science,...

Writing for The Chronicle of Philanthropy, Doug Donovan reports the federal budget plan released Thursday by Senate Democrats calls for new limits on how much wealthy taxpayers can lower their tax bills through itemized deductions, including those taken for...

House Republicans, under the leadership of House Budget Committee Chair Paul Ryan, [R-WI] have released their 2014 budget resolution entitled, The Path to Prosperity: A Responsible, Balanced Budget. The plan seeks to balance the federal budget...

Senate Finance Committee Chair Max Baucus [D-MT] has introduced the Rural Heritage Conservation Extension Act of 2013. If enacted, the bill would make permanent the special rule for contributions of "qualified conservation easements" and remove easements on golf...